Short-Term Borrowings

9 Months Ended

Sep. 30, 2020

Short-Term Borrowings

Short-Term Borrowings

NOTE 9 Short‑Term Borrowings

There were no short‑term borrowings outstanding as of September 30, 2020 and December 31, 2019.

The following table presents information related to short-term borrowings for the three and nine months ending September 30, 2020 and 2019:

	Three months ended
	September 30,
(dollars in thousands)	2020			2019
Fed funds purchased
Balance as of end of period	$	—		$	—
Average daily balance		—			61,386
Maximum month-end balance		—			124,250
Weighted-average rate
During period		—	%		2.40	%
End of period		—	%		2.30	%
FHLB Short-term advances
Balance as of end of period	$	—		$	—
Average daily balance		—			25,815
Maximum month-end balance		—			—
Weighted-average rate
During period		—	%		2.58	%
End of period		—	%		—	%

	Nine months ended
	September 30,
(dollars in thousands)	2020			2019
Fed funds purchased
Balance as of end of period	$	—		$	—
Average daily balance		107			82,504
Maximum month-end balance		—			139,605
Weighted-average rate
During period		—	%		2.54	%
End of period		—	%		2.30	%
FHLB Short-term advances
Balance as of end of period	$	—		$	—
Average daily balance		—			12,985
Maximum month-end balance		—			135,000
Weighted-average rate
During period		—	%		2.44	%
End of period		—	%		—	%